Ely housing market,
at a glance.
83 active homes·$399,000 median asking·97 median days listed
Updated September 20, 2026. Active asking prices only, not sold prices and not an appraisal. Check official sources before acting.
Ely market snapshot
As of September 20, 2026
83
Active homes
2 new in 7 days
$399,000
Median asking price
$84,000–$2,450,000
$339/sq ft
Median price per sq ft
1,200 sq ft typical
97 days
Median days listed
typically built 1978
What stands out today
- 53%listed over 90 days44 of 83 active homes.
- 100%single family inventory83 of 83 listings with a stated type.
- 486 daysmedian for 5+ bed listingsThe longest wait of any bedroom band here.
By bedroom count
5+ bed listings wait longest: a median of 486 days, against 74 for 3 bed.
Houses, condos and townhouses, 81 of 83 active homes. Whole buildings and land have no bedroom count; they are in Property mix.
| Bedrooms | For sale | Median asking | Days listed |
|---|---|---|---|
| 1 bed | 12 | $302,000 | 87 days |
| 2 bed | 31 | $375,000 | 106 days |
| 3 bed | 29 | $599,000 | 74 days |
| 4 bedlow sample | 6 | $495,000 | 113 days |
| 5+ bedlow sample | 3 | $1,585,000 | 486 days |
Inventory age
53% of active homes have been listed more than 90 days. This reflects today's active inventory, not a trend over time.
36%
11%
53%
- Under 60 days
- 36%
- 30 homes
- 60–90 days
- 11%
- 9 homes
- Over 90 days
- 53%
- 44 homes
Property mix
Single Family homes are 100% of what is for sale.
| Single Family$399,000 | 83100% |
|---|
Compare nearby markets
Ordered by active listings, not by any view of where to buy.
MinneapolisHennepin
$304,900 median ask · 1,196 homes · 42 days
Saint PaulRamsey
$284,900 median ask · 690 homes · 38 days
RochesterOlmsted
$400,000 median ask · 559 homes · 58 days
LakevilleDakota
$559,000 median ask · 377 homes · 24 days
WoodburyWashington
$489,900 median ask · 287 homes · 32 days
Maple GroveHennepin
$427,250 median ask · 253 homes · 30 days
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Active asking prices only, not sold prices and not an appraisal. Check official sources before acting.About this data
- Active asking prices only, not sold prices and not an appraisal. Check official sources before acting.
- Coverage is the areas EuKreate tracks, so this is not the whole market.
- Whether a home is under contract is not in the data we receive, so no pending count is shown.
- No trend yet: we began measuring this area on 2026-09-20, and a change needs two measurements.
- EuKreate began tracking Ely on September 20, 2026. Movement appears once there are enough daily readings to compare.